Skandinaviska Enskilda Banken AB (publ)
Long book
$4.34B
Q1 2026
Positions
163
Top-10 weight
77%
concentration
Last quarter
+15.9%
SPY +14.8%
Turnover
82%
of book per quarter
Strategy in plain words
auto-generated from filingsSkandinaviska Enskilda Banken AB (publ) is an institutional manager, specialised in technology (65% of the long book), running a $4.34B US long book across 163 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: MICROSOFT CORP, NVIDIA CORP, AMAZON.COM INC, APPLE INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.8%
Q2 2024
+4.2%
Q3 2024
+2.4%
Q4 2024
-6.6%
Q1 2025
+11.9%
Q2 2025
+7.3%
Q3 2025
+2.9%
Q4 2025
-7.3%
Q1 2026
+15.9%
Sector allocation
Technology 65%
Consumer discretionary 17%
Industrials 7%
Healthcare 4%
Other 3%
Financials 3%
Services media 1%
Utilities 0%
Long book by quarter
What does Skandinaviska Enskilda own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 2.1M | $763.0M | 17.6% | -45.7% |
| NVDA NVIDIA CORP | Technology | 3.6M | $619.0M | 14.3% | -68.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.8M | $576.3M | 13.3% | -38.9% |
| AAPL APPLE INC | Technology | 1.1M | $285.6M | 6.6% | -77.5% |
| GOOGL ALPHABET INC-CL A | Technology | 911.4K | $262.1M | 6.0% | -65.4% |
| META META PLATFORMS INC-CLASS A | Technology | 400.2K | $228.8M | 5.3% | -58.8% |
| AVGO BROADCOM INC | Technology | 720.5K | $223.1M | 5.1% | -67.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 480.0K | $149.2M | 3.4% | +26.7% |
| TSLA TESLA INC | Industrials | 392.9K | $146.1M | 3.4% | -50.2% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 385.1K | $93.3M | 2.2% | -10.3% |
| SYK STRYKER CORP | Healthcare | 254.8K | $83.7M | 1.9% | -39.3% |
| BAC BANK OF AMERICA CORP | Financials | 1.5M | $74.3M | 1.7% | -20.9% |
| GOOG ALPHABET INC-CL C | Technology | 253.2K | $72.6M | 1.7% | -82.1% |
| INTC INTEL CORP | Technology | 1.5M | $67.4M | 1.6% | -4.9% |
| GD GENERAL DYNAMICS CORP | Industrials | 182.0K | $62.5M | 1.4% | +100.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 112.0K | $55.1M | 1.3% | -55.1% |
| AZN ASTRAZENECA PLC | Healthcare | 222.1K | $43.8M | 1.0% | New |
| SNPS SYNOPSYS INC | Technology | 100.0K | $39.6M | 0.9% | -62.8% |
| AMD ADVANCED MICRO DEVICES | Technology | 186.5K | $37.9M | 0.9% | -55.9% |
| CARR CARRIER GLOBAL CORP | Industrials | 618.0K | $34.8M | 0.8% | +28.9% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 387.3K | $24.3M | 0.6% | -86.3% |
| TEAM ATLASSIAN CORP-CL A | Technology | 307.5K | $21.0M | 0.5% | -12.8% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 46.0K | $20.5M | 0.5% | -73.6% |
| V VISA INC-CLASS A SHARES | Services media | 62.5K | $18.9M | 0.4% | -91.5% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 74.7K | $15.2M | 0.4% | -56.7% |
| PGR PROGRESSIVE CORP | Financials | 75.5K | $15.0M | 0.3% | -81.1% |
| HPQ HP INC | Technology | 634.8K | $12.2M | 0.3% | +8.3% |
| GTLS CHART INDUSTRIES INC | Industrials | 49.0K | $10.1M | 0.2% | +139.0% |
| CNC CENTENE CORP | Financials | 297.2K | $9.7M | 0.2% | +21.7% |
| TMUS T-MOBILE US INC | Communications | 43.0K | $9.0M | 0.2% | -66.6% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 89.4K | $8.8M | 0.2% | -50.5% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 30.4K | $8.7M | 0.2% | -46.3% |
| TXNM TXNM ENERGY INC | Utilities | 133.9K | $7.8M | 0.2% | +135.1% |
| HO1 HOLOGIC INC | — | 102.0K | $7.7M | 0.2% | +31.5% |
| FRO FRONTLINE PLC | Industrials | 219.9K | $7.7M | 0.2% | -62.3% |
| PTON PELOTON INTERACTIVE INC-A | Other | 1.8M | $7.6M | 0.2% | +236.1% |
| AL AIR LEASE CORP | — | 112.3K | $7.3M | 0.2% | +210.7% |
| MA MASTERCARD INC - A | Services media | 14.0K | $7.0M | 0.2% | -97.7% |
| ORCL ORACLE CORP | Technology | 43.6K | $6.4M | 0.1% | -87.6% |
| NOW SERVICENOW INC | Technology | 61.0K | $6.4M | 0.1% | -91.9% |
| LBRDK LIBERTY BROADBAND-C | Communications | 113.1K | $5.7M | 0.1% | +100.0% |
| PEN PENUMBRA INC | Healthcare | 16.0K | $5.3M | 0.1% | New |
| AHQ AMERICAN WOODMARK CORP | — | 128.2K | $5.1M | 0.1% | +100.0% |
| SRE SEMPRA | Utilities | 49.5K | $4.8M | 0.1% | +100.0% |
| MTCH MATCH GROUP INC | Technology | 154.4K | $4.7M | 0.1% | +100.0% |
| CTRA COTERRA ENERGY INC | — | 130.0K | $4.6M | 0.1% | New |
| KVUE KENVUE INC | Other | 250.0K | $4.3M | 0.1% | -40.0% |
| AAUC ALLIED GOLD CORP | — | 131.9K | $4.1M | 0.1% | New |
| PRA PROASSURANCE CORP | Financials | 164.9K | $4.1M | 0.1% | +100.0% |
| UTE0 CANTALOUPE INC | — | 360.8K | $3.9M | 0.1% | +100.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 346 | $4.34B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 831 | $24.93B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 955 | $24.92B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 930 | $22.92B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 913 | $142.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 915 | $2.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 895 | $13.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 832 | $1.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 962 | $20.44B | canonical | SEC ↗ |